FireAngel is a design-led supplier of patented fire safety products, an area which has seen increased spending after the Grenfell Tower fire. After the impact of a 2015 warranty claim and, later, COVID-19, a £9.0m fund raise in Apr. ‘21 recapitalised the balance sheet in order to fund the turnaround following a 2019 management change. A key part of the strategy is deployment of next generation connected products, which are higher margin and where demand is growing strongly. Selling into a new So ....
26 May 2021
Clear earnings recovery plan
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FireAngel Safety Technology Group plc (FA:LON) | 4.2 0 0.0% | Mkt Cap: 12.8m
- Published:
26 May 2021 -
Author:
Greg Poulton -
Pages:
3
FireAngel is a design-led supplier of patented fire safety products, an area which has seen increased spending after the Grenfell Tower fire. After the impact of a 2015 warranty claim and, later, COVID-19, a £9.0m fund raise in Apr. ‘21 recapitalised the balance sheet in order to fund the turnaround following a 2019 management change. A key part of the strategy is deployment of next generation connected products, which are higher margin and where demand is growing strongly. Selling into a new So ....